According to the research report titled ‘Global Crypto Asset Management Market Size study with COVID-19 Impact, by Solution (Custodian Solution and Wallet Management), by Deployment Mode (On-Premises and Cloud), by Application (Web-based and Mobile), by Mobile Operating System (iOS and Android), by End-User (Individual and Enterprise), by Enterprise Vertical (Institutions, Retail and eCommerce, Healthcare, Travel and Hospitality and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global crypto asset management market was worth USD 0.3 billion in 2019 and is expected to grow with a CAGR of 23.8% over 2020-2027.
 

The growth of global crypto asset management market is primarily driven by rising penetration of blockchain technology, focus towards protecting cryptocurrency assets, escalating venture capital investments, and high remittances in developing nations.
 

For those unfamiliar, crypto asset management is a technology that handles digital assets and maintains and stores the distributed electronic ledger with the help of the network. It consists of cryptocurrencies such as bitcoin, cryptocurrency funds, initial coin offering (ICO), and blockchain companies. This platform is widely used in retail & e-commerce as well as in financial institutions. Growing demand for crypto asset management in order to improve liquidity of funds, especially during COVID-19 pandemic is facilitating the business scenario.
 

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The introduction of advanced services and products along with other planned alliances among leading organizations is creating lucrative growth prospects for this industry. On 30 January 2020, for instance, U.S.-based Coinbase developed an entity Cryptocurrency Custody Arm, in Dublin, Ireland with the aim to expand its services of crypto custody in European institutions. However, dearth of standardized regulatory framework, lack of awareness and technical understanding of cryptocurrency may hamper the market growth over the analysis period.
 

Based on solution type, global crypto asset management market is divided into wallet management and custodian solution. Speaking of deployment mode, the market is bifurcated into cloud and on-premise mode. Based on application spectrum, global crypto asset management market is categorized into mobile and web-based segment.
 

Moving on to operating solution type, the industry is classified into android and iOS. Speaking of end-user scope, the market is divided into enterprise and individual. Elaborating on enterprise vertical, global crypto asset management market is segmented into travel & hospitality, healthcare, retail & eCommerce, institutions, and others.
 

Citing the regional landscape, North America holds a significant market share and is predicted to expand consistently during the forecast period, majorly credited to the surging demand for cryptocurrency asset management solutions & services. Meanwhile, Asia Pacific crypto asset management market is projected to record substantial growth during 2020-2027.
 

Key players in global crypto asset management market are Exodus Movement, Inc., ICONOMI, METACO SA, Ledger, BitGo, Bakkt, Llc, Vo1t Ltd, Crypto Finance AG, Gemini Trust Company, LLC, and Coinbase.